Skyline Champion Co. (NYSE:SKY) Receives Consensus Rating of "Hold" from Brokerages

Shares of Skyline Champion Co. (NYSE:SKY - Get Free Report) have been assigned a consensus rating of "Hold" from the five brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $85.40.

Several analysts have commented on SKY shares. Royal Bank of Canada raised their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a "sector perform" rating in a report on Wednesday. StockNews.com upgraded shares of Skyline Champion from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Jefferies Financial Group upped their target price on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Wedbush restated a "neutral" rating and issued a $64.00 price target on shares of Skyline Champion in a report on Wednesday, August 7th. Finally, Craig Hallum upped their price objective on Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday.

Insiders Place Their Bets

In related news, Director Erin Mulligan Nelson sold 1,000 shares of the company's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $83.18, for a total transaction of $83,180.00. Following the sale, the director now owns 5,170 shares in the company, valued at approximately $430,040.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of the company's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $83.18, for a total transaction of $83,180.00. Following the sale, the director now directly owns 5,170 shares of the company's stock, valued at approximately $430,040.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael B. Berman sold 3,496 shares of Skyline Champion stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $82.34, for a total transaction of $287,860.64. Following the completion of the transaction, the director now directly owns 8,099 shares of the company's stock, valued at approximately $666,871.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,636 shares of company stock valued at $14,582,253 in the last three months. 6.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Skyline Champion

Hedge funds have recently added to or reduced their stakes in the business. Norden Group LLC acquired a new stake in Skyline Champion during the first quarter worth approximately $695,000. Van ECK Associates Corp lifted its holdings in Skyline Champion by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 22,707 shares of the company's stock worth $1,930,000 after purchasing an additional 6,073 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Skyline Champion by 15.9% in the 1st quarter. BNP Paribas Financial Markets now owns 53,340 shares of the company's stock valued at $4,534,000 after purchasing an additional 7,326 shares during the period. Mutual of America Capital Management LLC grew its holdings in Skyline Champion by 8.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 93,241 shares of the company's stock valued at $7,926,000 after buying an additional 7,255 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Skyline Champion during the 1st quarter worth $653,000.

Skyline Champion Trading Up 3.7 %

Shares of NYSE SKY traded up $3.26 during midday trading on Friday, reaching $91.49. 625,122 shares of the stock were exchanged, compared to its average volume of 363,365. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.57. Skyline Champion has a 12 month low of $53.84 and a 12 month high of $101.39. The business has a 50-day simple moving average of $92.53 and a two-hundred day simple moving average of $81.65. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 35.32 and a beta of 1.59.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.32. The firm had revenue of $616.88 million during the quarter, compared to analysts' expectations of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company's revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. As a group, equities research analysts expect that Skyline Champion will post 3.33 EPS for the current year.

About Skyline Champion

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.